LA-based financier and distributor IndieVest Pictures has secured a home entertainment output deal with Vivendi Entertainment.
IndieVest will handle US theatrical distribution and Vivendi Entertainment will handle all home entertainment platforms, including television, VOD, DVD and mobile rights for IndieVest titles.
IndieVest aims to produced six to eight commercial films a year across a range of genres. The venture will kick off with the February 2010 release of Hue Rhodes’ comedy Saint John Of Las Vegas starring Steve Buscemi and Tim Blake Nelson.
“[IndieVest’s] team has a passion and a sensibility that fits perfectly with Vivendi Entertainment’s continued commitment to bringing diverse and original films to the marketplace,” Vivendi Entertainment president Tom O’Malley said.
“We are creating a multi-genre, commercially-driven, production slate that guarantees our film-makers theatrical distribution, and can’t imagine a better home entertainment partner than Vivendi Entertainment to bring our titles to the largest possible audiences,” IndieVest president Mark Burton added.
Yolanda Macias brokered the deal on behalf of Vivendi Entertainment with Burton and Glenn Feig of law firm Reder & Feig for IndieVest.